Trump mulls sanctions on Nord Stream 2 gas pipeline
June 13, 2019 - U.S. President Donald Trump has again criticised Germany over its Nord Stream 2 gas pipeline deal with Russia, threatening to impose sanctions on the project he says will leave Berlin “captive” to Moscow.
The Nord Stream 2 project will transport natural gas via a 1,200km pipeline from Russia to Europe. It has come under fire from the United States and some European countries claiming it could increase Europe’s dependence on Russia as a supplier of energy.
Washington, which wants to sell its liquefied natural gas to Europe, has threatened sanctions against companies involved in the Baltic pipeline. While it is wholly owned by Russian gas giant Gazprom, half of the project’s $9 billion cost is covered by five European energy and chemicals companies including Shell, BASF and ENGIE.
Russia, Finland, Sweden and Germany have already issued permits.